Tag: cryptocurrencies in africa

Is cryptocurrency detrimental to web3 adoption in Africa?

In 1991 Stuart Haber and W. Scott Storenta were the first to perceive blockchain technology. Bitcoin became the pioneer of blockchain technology in...

Elon Musk’s tight grip on crypto volatility

After poking fun at the crypto space, Elon had a change of heart and decided to revive and support Dogecoin. Elon tweeted...

Africa’s crypto market resilient amid bear market challenges

Cryptocurrencies in Africa continued to perform their functions amid market downturn and volatility. The decreases in value during the crypto bear market 2022 undoubtedly affected some African investors in the same way as investors globally. However, retail investors remained immune to downturns compared to speculative traders since they likely use crypto for specific purposes. In African markets, crypto is a less tradeable asset and more of a hedge against capital restrictions and the volatility of local currencies. Even dramatic fluctuations in value, seen from this year’s crypto bear market, remain somewhat insignificant since African users normally cash in and out quickly. As long as Africa's crypto market allows users to transfer money in a timely and cost-effective manner, the specific price at which it trades is not a significant concern.

Polygon Network: A hub for promoting decentralized finance

Polygon is a layer two blockchain application created to overcome Ethereum's scalability issues Like other recent Ethereum alternatives, Polygon implements a Proof-of-Stake(PoS) replacing...

‘The Ethereum killer’: Polkadot’s rising potential in the African crypto space

Polkadot uses parachains, a new mechanism that increases transaction speed and boots network performance. Polkadot is dubbed the Ethereum killer due to its...

Crypto regulation: can African governments find unity of purpose in CBDCs?

Individual African countries cannot devise a worldwide plan to foresee the growth of private transnational digital currencies amidst crypto regulation needs because of their small economies.

Cryptocurrency Taxation in Africa

Countries That Have Listed Positive Crypto Taxes? Challenges of Cryptocurrency Taxation in Africa Crypto Taxation Benefits for Cryptocurrency Owners & Investors in Africa The...

Is the dip in cryptocurrencies the best way for African nations to adopt cryptocurrencies

Many African nations are currently debating whether or not to legalize cryptocurrencies, despite the fact that it is becoming more popular with consumers globally. ...
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